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South Pacific Metals Appoints Timo Jauristo as CEO
Newsfile· 2025-07-02 11:30
Vancouver, British Columbia--(Newsfile Corp. - July 2, 2025) - South Pacific Metals Corp. (TSXV: SPMC) (OTCQB: SPMEF) (FSE: 6J00) ("SPMC" or "South Pacific Metals" or the "Company") is pleased to announce the appointment of Mr. Timo Jauristo as Chief Executive Officer of the Company, effective June 30, 2025. Mr. Jauristo brings more than four decades of leadership experience with an accomplished career covering global exploration, corporate development, and corporate strategy in the mining sector to South ...
Sable Announces C$1.75 Million Private Placement with Moxico Resources
Globenewswire· 2025-07-02 11:00
NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES VANCOUVER, British Columbia, July 02, 2025 (GLOBE NEWSWIRE) -- Sable Resources Ltd. (“Sable” or the “Company”) (TSXV:SAE | OTCQB:SBLRF) is pleased to announce that Moxico Resources plc (“Moxico”) has agreed to acquire a 9.9% ownership stake in the Company through the purchase of 31,800,000 common shares (“Shares”) at C$0.055 per Share for a total subscription of C$1,749,000 (the “Private Placement”), subject to ...
American Tungsten Corp. Announces Non-Brokered Private Placement of Shares
Globenewswire· 2025-06-30 22:00
Core Viewpoint - American Tungsten Corp. is proceeding with a non-brokered private placement to raise up to $2,500,000 through the sale of 5,000,000 common shares at $0.50 per share, aimed at accelerating the development of the IMA Tungsten Project and enhancing its position in the North American tungsten supply chain [1][2]. Group 1: Offering Details - The private placement will involve the issuance of up to 5,000,000 common shares at a price of $0.50 per share, generating gross proceeds of up to $2,500,000 [1]. - The company will pay finders' fees of up to 7.0% of the gross proceeds and issue non-transferable finders' warrants equal to 7.0% of the shares sold, allowing the holder to acquire shares at $0.50 for up to 24 months [3]. - The closing of the offering is contingent upon receiving necessary corporate and regulatory approvals, and there is no minimum subscription amount required [5]. Group 2: Use of Proceeds - The net proceeds from the offering will be allocated to fund exploration work programs, option payments, mineral property acquisitions, marketing, and general working capital [4]. Group 3: Company Overview - American Tungsten Corp. is focused on tungsten and magnetite exploration in North America, particularly advancing the IMA Mine Project in Idaho, which has a historical production background [7]. - The company holds an option to acquire full ownership of the IMA Mine Project, subject to a 2% royalty, and has expanded its land position with 113 additional federal claims covering nearly 2,000 acres [7].
SAGA Metals Appoints Accomplished Mining Executive Peter Hogendoorn to Board of Advisors and Engages Xander Capital Partners
Globenewswire· 2025-06-30 13:00
Core Insights - SAGA Metals Corp. has appointed Peter Hogendoorn to its Board of Advisors, enhancing its strategic vision in critical minerals exploration [1][3] - The company has entered into an investor relations agreement with Xander Capital Partners to improve market awareness and shareholder engagement [4][5] Appointment of Peter Hogendoorn - Peter Hogendoorn brings over 30 years of experience in financing junior mining and technology companies, having founded Wrenswood Capital Corp. [2] - He successfully raised $16 million for the Sage Plains potash discovery well, noted as the richest in history [2] - Currently, he is the CEO of Sage Potash Corp., where he has advanced initial production plans of 150,000 tons per year [2] Strategic Vision and Comments - The CEO of SAGA Metals expressed excitement about Hogendoorn's appointment, highlighting his experience aligns with the company's mission to advance critical mineral projects, particularly the Radar Titanium project in Labrador [3] - Hogendoorn emphasized the opportunity for local job creation and wealth generation through the development of critical minerals, addressing import dependence in Western economies [3] Investor Relations Engagement - The agreement with Xander Capital Partners is for an initial period of 12 months, with the potential for extension [4] - Xander will provide services including brand awareness, introductions to industry partners, and digital marketing, for a monthly fee of USD $10,000 and 700,000 stock options [5][6] - Xander Capital Partners has a strong track record, having worked with public companies and is expected to elevate SAGA's capital markets profile [6] Company Overview - SAGA Metals Corp. focuses on the exploration of critical minerals essential for the transition to green energy, with significant projects including the Radar Titanium Project and the Double Mer Uranium Project in Labrador [8][9] - The Radar Titanium Project spans 24,175 hectares and has confirmed a large mineralized layered mafic intrusion with strong titanium and vanadium grades [8] - The company also owns the Legacy Lithium Property in Quebec, expanded through the acquisition of the Amirault Lithium Project, covering a total of 65,849 hectares [10]
Liberty Star Embarks on 3D IP Survey at Red Rock Gold Project, SE Arizona
Globenewswire· 2025-06-30 13:00
Liberty Star Minerals Liberty Star Redrock Canyon field survey layout. The white lines are the electrode arrays, and the red dots are previously drilled boreholes. TUCSON, AZ, June 30, 2025 (GLOBE NEWSWIRE) -- Liberty Star Minerals (“Liberty Star” or the “Company”) (OTCQB: LBSR) is pleased to announce the launch of a state-of-the-art 3D induced polarization survey (“3D IP Survey,” “Survey”) at its wholly owned Red Rock Canyon Gold Project (RRC), part of the Hay Mountain Project in southeast Arizona. T ...
Quantum Closes First Tranche of Private Placement
Thenewswire· 2025-06-28 01:00
Core Points - Quantum Critical Metals Corp. has closed the first tranche of its non-brokered private placement financing, raising gross proceeds of $1,029,100 through the sale of 10,291,000 units at a price of $0.10 per unit [1] - Each unit consists of one common share and one common share purchase warrant, with warrants allowing the purchase of shares at $0.20 until June 27, 2027 [1] - The net proceeds will be used for exploration activities in British Columbia and Quebec, as well as for general corporate purposes [2] Group 1 - The closing of the offering is subject to final approval from the TSX Venture Exchange and other customary conditions [3] - A second and final tranche is expected to close around July 13, 2024, with securities issued subject to a four-month hold period expiring on October 28, 2025 [3] - Finder's fees included $42,387 in cash and 422,870 broker warrants for subscriptions introduced by certain persons [4] Group 2 - Certain insiders participated in this tranche, making it a "related party transaction" under Multilateral Instrument 61-101, exempt from formal valuation and minority shareholder approval [5] - Insiders contributed $100,000 in the first tranche through the issuance of 1,000,000 units [5] Group 3 - The company has a diverse portfolio of assets, including projects in gallium, rubidium, cesium, antimony, copper, and germanium, positioning it to support the transition to a sustainable critical minerals supply [8]
Pacific Ridge Announces AGM Results; Welcomes New Directors and Corporate Secretary
Newsfile· 2025-06-27 11:00
Vancouver, British Columbia--(Newsfile Corp. - June 27, 2025) - Pacific Ridge Exploration Ltd. (TSXV: PEX) (OTCQB: PEXZF) (FSE: PQWN) ("Pacific Ridge" or the "Company") is pleased to announce that shareholders approved all motions put forth at the Company's Annual General Meeting ("AGM"), held on June 26, 2025, including the re-appointment of PricewaterhouseCoopers LLP, Chartered Accountants, as auditor of the Company, and the rolling incentive stock option plan. In addition, shareholders elected Gerald Ca ...
Nevada Lithium Announces Proposed Warrant Extension
Globenewswire· 2025-06-27 11:00
Core Points - Nevada Lithium Resources Inc. has announced the extension of the expiry date for 19,488,992 outstanding common share purchase warrants to July 7, 2027, from the previous expiry date of July 7, 2025, pending approval from the TSX Venture Exchange [1][2] - The warrants were issued in connection with a private placement completed on February 24, 2023, which raised gross proceeds of $4,585,000, and also through the conversion of $535,998 in promissory notes [1][2] - A total of 995,000 warrants have been exercised to date, with the remaining warrants allowing holders to acquire additional common shares at an exercise price of $0.20 until the new expiry date [2] Company Overview - Nevada Lithium Resources Inc. is focused on mineral exploration and development, primarily through its core asset, the Bonnie Claire Project, located in Nye County, Nevada, where it holds a 100% interest [3] - The Bonnie Claire deposit is divided into two zones: the Lower Zone and the Upper Zone, with significant lithium and boron mineralization identified [4][5] - The Lower Zone has an indicated resource of 275.85 million tonnes at 3,519 ppm lithium and 8,404 ppm boron, while the Upper Zone has an indicated resource of 188.08 million tonnes at 1,074 ppm lithium and 1,519 ppm boron [5]
Issue of Shares and Cleansing Notice
Globenewswire· 2025-06-27 00:27
Core Viewpoint - Cygnus Metals Limited has successfully completed Tranche 1 of its Placement, raising A$18.2 million through the issuance of 211,627,907 fully paid ordinary shares at A$0.086 each, while also planning further share issuance under Tranche 2, subject to shareholder approval [1][2]. Group 1: Placement Details - The total amount raised in Tranche 1 is A$18,200,000 before costs, with shares issued under ASX Listing Rules 7.1 and 7.1A [1]. - A further 1,162,790 shares are intended to be issued under Tranche 2 to Non-Executive Director Raymond Shorrocks, pending shareholder approval at a general meeting in August 2025 [2]. Group 2: Company Operations - Cygnus Metals is engaged in ongoing exploration and drilling programs at its Chibougamau Copper-Gold Project in Quebec, with assay results pending from the current drill program [3]. - The company has a diversified portfolio, including lithium assets in the James Bay district and REE and base metal projects in Western Australia, aiming to drive resource growth and develop a hub-and-spoke operation model [6]. Group 3: Compliance and Disclosure - The shares were issued without disclosure under section 708A(5) of the Corporations Act 2001, and the company has complied with relevant provisions of the Act [3][7]. - The company confirms that there is no excluded information that needs to be disclosed under section 708A(6)(e) of the Act [7].
Dolly Varden Silver Closes $28.76 Million Bought-Deal Financing, With Participation by Eric Sprott
Newsfile· 2025-06-26 13:26
Core Viewpoint - Dolly Varden Silver Corporation has successfully completed a bought-deal private placement, raising a total of $28,755,500 through the sale of common shares and flow-through shares for exploration and working capital purposes [1][3]. Group 1: Financial Details - The company sold 2,445,500 common shares at $4.60 each, generating gross proceeds of $11,249,300 [1]. - Additionally, 1,128,000 charity flow-through shares were sold at $6.65 each, raising $7,501,200 [1]. - The company also issued 1,740,000 flow-through shares at $5.75 each, resulting in gross proceeds of $10,005,000 [1]. Group 2: Use of Proceeds - Net proceeds from the common shares will be allocated for working capital and general corporate purposes [3]. - Proceeds from the charity flow-through shares and flow-through shares will be directed towards further exploration, mineral resource expansion, and drilling in the Kitsault Valley project and other mineral properties [3]. Group 3: Underwriting and Fees - The offerings were conducted under an underwriting agreement with a syndicate led by Research Capital Corporation and Raymond James Ltd., among others [2]. - The underwriters received a cash fee of $1,437,775, which is 5.0% of the gross proceeds from the offerings [4]. Group 4: Company Overview - Dolly Varden Silver Corporation is focused on advancing its 100% held Kitsault Valley Project, which includes high-grade silver and gold resources [6][7]. - The project is located in the Golden Triangle of British Columbia and is considered prospective for further precious metal deposits [6][7].